We study standing periodic waves modeled by the nonlinear Schrodinger equation with the intensity-dependent dispersion coefficient. Spatial periodic profiles are smooth if the frequency of the standing waves is below the limiting frequency, for which the profiles become peaked (piecewise continuously differentiable with a finite jump of the first derivative). We prove that there exist two families of the periodic waves with smooth profiles separated by a homoclinic orbit and the period function (the energy-to-period mapping) is monotonically increasing for the family inside the homoclinic orbit and decreasing for the family outside the homoclinic orbit. This property allows us to derive a sharp criterion for the energetic stability of such standing periodic waves under time evolution if the perturbations are periodic with the same period.