Note! Not all drives allow the use of a ferrite sleeve around power conductors. Refer to your manuafacturer’s manual for specific applications.
Suppose you take a length of ordinary wire, make it into a big loop, and lay it between the poles of a powerful, permanent horseshoe magnet. Now if you connect the two ends of the wire to a battery, the wire will jump up briefly. It is amazing when you see this for the first time. It is just like magic! But there is a perfectly scientific explanation. When an electric current starts to creep along a wire, it creates a magnetic field all around it.