Note! Not all drives allow the use of a ferrite sleeve around power conductors. Refer to your manuafacturer’s manual for specific applications.
One way to overcome this situation is by using "magnetically soft" material. Magnetically soft material has atoms that readily reverse polarity (a docile herd?) when exposed to alternating current. Naturally, since the reversing process happens more quickly, there is less wasted energy.
Using the ohmmeter, find the pair of wires that has the highest resistence as measured in ohms. This will give you your common and lowest speed tap. Using each of these two leads in turn, find the pair that gives you the the second-highest resistance. This should provide you the common and second-lowest speed tap and should also allow you to isolate which of the two leads from the first test is the common.
Without getting into a lengthy physics lecture, this process of reversing polarity produces heat (or wasted energy). This is known as hysteresis loss. And that helps explain why increasing the voltage into the motor will not necessarily increase the output. Instead, it can fight the resistance of magnetic materials to reverse polarity--and simply heat iron.