Note! Not all drives allow the use of a ferrite sleeve around power conductors. Refer to your manuafacturer’s manual for specific applications.
Suppose we bend our wire into a squarish, U-shaped loop so there are effectively two parallel wires running through the magnetic field. One of them takes the electric current away from us through the wire and the other one brings the current back again. Because the current flows in opposite directions in the wires, Fleming Left-Hand Rule tells us the two wires will move in opposite directions. In other words, when we switch on the electricity, one of the wires will move upward and the other will move downward.
A ferrite sleeve around the three power conductors as they leave the drive will help to reduce common-mode noise current. Take all three conductors two or three times through the core. If it runs hot reduce the number of turns.
Think of the atoms of magnetic material as an unruly herd of cattle. Running electric current through the material will polarize these atoms, creating the magnetic field. But as I mentioned, this is an unruly herd, so it takes time for the current to bring all those atoms into formation.