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Do you worry about stock volatility? One idea is to consider a stock's recent trading volatility.

We ran a screen on the S&P 500 for stocks with low trading volatility over the last month, with average intra-day trading ranges below 1.5%. That is, on average these stocks have not traded over 1.5% or under -1.5% within one day over the last month.

Of course, past performance does not guarantee future returns.

We then screened for those that also appear undervalued relative to EPS trends. Based on the assumption that P/E is equal to a constant k, increases in EPS should be matched by proportionate increases in price. When they don't match up, a mispricing may have occurred. We screened for stocks exhibiting higher growth in EPS than price over the last month.

Interactive Chart: Press Play to compare changes in market cap over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

Do you think these stocks are being undervalued by the market? Use this list as a starting point for your own analysis.

1. Ameren Corporation (AEE): Operates as a public utility company in Missouri and Illinois, the United States. Average intra-day volatility over the last month at 1.27%. The EPS estimate for the company's current year increased from 2.32 to 2.35 over the last 30 days, an increase of 1.29%. This increase came during a time when the stock price changed by -1.46% (from 32.24 to 31.77 over the last 30 days).

2. Cardinal Health, Inc. (CAH): Operates as a healthcare solutions company that provides health care products and services. Average intra-day volatility over the last month at 1.47%. The EPS estimate for the company's current year increased from 3.18 to 3.19 over the last 30 days, an increase of 0.31%. This increase came during a time when the stock price changed by 0.31% (from 42.05 to 42.18 over the last 30 days).

3. ConocoPhillips (COP): Operates as an integrated energy company worldwide. Average intra-day volatility over the last month at 1.28%. The EPS estimate for the company's current year increased from 8.27 to 8.42 over the last 30 days, an increase of 1.81%. This increase came during a time when the stock price changed by 0.74% (from 75.95 to 76.51 over the last 30 days).

4. Chevron Corp. (CVX): Engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. Average intra-day volatility over the last month at 1.21%. The EPS estimate for the company's current year increased from 12.66 to 12.92 over the last 30 days, an increase of 2.05%. This increase came during a time when the stock price changed by -2.49% (from 109.08 to 106.36 over the last 30 days).

5. Dr Pepper Snapple Group, Inc. (DPS): Engages in the manufacture and distribution of non-alcoholic beverages in the United States, Canada, and Mexico. Average intra-day volatility over the last month at 1.31%. The EPS estimate for the company's current year increased from 2.91 to 2.93 over the last 30 days, an increase of 0.69%. This increase came during a time when the stock price changed by 0.47% (from 38.59 to 38.77 over the last 30 days).

6. Exelon Corp. (EXC): Operates as a utility services holding company in the United States. Average intra-day volatility over the last month at 1.03%. The EPS estimate for the company's current year increased from 3.03 to 3.07 over the last 30 days, an increase of 1.32%. This increase came during a time when the stock price changed by -1.09% (from 39.27 to 38.84 over the last 30 days).

7. FirstEnergy Corp. (FE): Operates as a diversified energy company. Average intra-day volatility over the last month at 1.27%. The EPS estimate for the company's current year increased from 3.29 to 3.41 over the last 30 days, an increase of 3.65%. This increase came during a time when the stock price changed by 1.47% (from 44.07 to 44.72 over the last 30 days).

8. Genuine Parts Company (GPC): Distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. Average intra-day volatility over the last month at 1.04%. The EPS estimate for the company's current year increased from 4.01 to 4.02 over the last 30 days, an increase of 0.25%. This increase came during a time when the stock price changed by -1.24% (from 62.23 to 61.46 over the last 30 days).

9. Goodrich Corp. (GR): Supplies aerospace components, systems, and services primarily in the United States, Canada, Europe, and the Asia Pacific. Average intra-day volatility over the last month at 0.20%. The EPS estimate for the company's current year increased from 6.96 to 6.98 over the last 30 days, an increase of 0.29%. This increase came during a time when the stock price changed by -0.74% (from 125.88 to 124.95 over the last 30 days).

10. HJ Heinz Co. (HNZ): Manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. Average intra-day volatility over the last month at 0.81%. The EPS estimate for the company's current year increased from 3.33 to 3.34 over the last 30 days, an increase of 0.3%. This increase came during a time when the stock price changed by -1.24% (from 53.43 to 52.77 over the last 30 days).

11. The Kroger Co. (KR): Operates as a retailer in the United States. Average intra-day volatility over the last month at 1.34%. The EPS estimate for the company's current year increased from 2.22 to 2.32 over the last 30 days, an increase of 4.5%. This increase came during a time when the stock price changed by 3.82% (from 23.54 to 24.44 over the last 30 days).

12. 3M Co. (MMM): Operates as a diversified technology company worldwide. Average intra-day volatility over the last month at 0.98%. The EPS estimate for the company's current year increased from 6.29 to 6.31 over the last 30 days, an increase of 0.32%. This increase came during a time when the stock price changed by 0.29% (from 88.2 to 88.46 over the last 30 days).

13. Motorola Solutions, Inc. (MSI): Provides business and mission critical communication products and services for enterprise and government customers worldwide. Average intra-day volatility over the last month at 1.38%. The EPS estimate for the company's current year increased from 2.92 to 3.03 over the last 30 days, an increase of 3.77%. This increase came during a time when the stock price changed by 2.51% (from 49.43 to 50.67 over the last 30 days).

14. NextEra Energy, Inc. (NEE): Engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. Average intra-day volatility over the last month at 0.95%. The EPS estimate for the company's current year increased from 4.51 to 4.52 over the last 30 days, an increase of 0.22%. This increase came during a time when the stock price changed by -0.61% (from 60.77 to 60.4 over the last 30 days).

15. Pinnacle West Capital Corporation (PNW): Provides retail and wholesale electric services primarily in the State of Arizona. Average intra-day volatility over the last month at 1.09%. The EPS estimate for the company's current year increased from 3.35 to 3.37 over the last 30 days, an increase of 0.6%. This increase came during a time when the stock price changed by -0.57% (from 47.51 to 47.24 over the last 30 days).

16. Public Storage (PSA): Operates as a real estate investment trust. Average intra-day volatility over the last month at 1.41%. The EPS estimate for the company's current year increased from 6.38 to 6.45 over the last 30 days, an increase of 1.1%. This increase came during a time when the stock price changed by -0.04% (from 137.12 to 137.07 over the last 30 days).

17. Molson Coors Brewing Company (TAP): Distributes beer brands. Average intra-day volatility over the last month at 1.13%. The EPS estimate for the company's current year increased from 3.67 to 3.69 over the last 30 days, an increase of 0.54%. This increase came during a time when the stock price changed by 0.09% (from 43.92 to 43.96 over the last 30 days).

*EPS data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 17 Low-Volatility S&P 500 Stocks Undervalued By EPS Trends